What do the SWIFT sanctions really do?

The sanctions on Russian financial institutions following the invasion of Ukraine, including from SWIFT and the freezing of Russian Central Bank assets have been the center of attention for the global financial world.  These sanctions or threats of sanctions have already had severe repercussions for both Russia and the global economy- repercussions that have yet to be fully felt.
We at Money20/20 wanted to provide clarity around the details of the sanctions, what they seem to imply, and what other financial tools are factors in the complete story, including alternate financial messaging systems within Russia, and the status of crypto.

Host: Sanjib Kalita, Editor-in-Chief, Money20/20

Producers:  Rachel Morrissey, Executive Producer of the podcasts, Money20/20

Micky Tesfaye, Financial Journalist, Money20/20

Nick Holland, Global Head of Research, Money20/20

Roland Bodenham, Senior Video Producer and Podcast Lead, Ascential

Contributors:  Will Haskins, Content Director, Asia & Digital

Elena Mesropyan, Former Head of Content, Money20/20EU